Chinasoft International Limited Announces Plans to Utilize Remaining Proceeds for R&D and Project Progress by 2026
ChinaSoft International Limited has outlined its strategic future plans, emphasizing the allocation of remaining unutilized net proceeds by the end of 2026. The company intends to channel these funds towards research and development of full-stack cloud smart products and solutions, as well as investments and mergers and acquisitions related to its core business. The Board has indicated that the allocation of R&D resources will be aligned with the progress and needs of the Group's projects. This strategy aims to bolster ChinaSoft's offerings in the cloud technology sector and enhance its competitive position through strategic investments and partnerships.
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